The board of directors of Cosmo Lady (China) Holdings Company Limited announced that Mr. Loo Hong Shing Vincent (Mr. Loo) has tendered
his resignation as the chief financial officer with effect from 21 November 2022 to devote more time to his family. He will also cease to act as an
authorised representative of the Company for the purposes of Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an authorised representative of the Company for accepting service of process and notice on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong,
the "Companies Ordinance") (collectively, the "Authorised Representative") with effect on the same date. The Board announced that Mr. Choi Wai Hin ("Mr. Choi") has been appointed as chief financial officer, with effect from 21 November 2022. Mr. Choi, aged 42, has around 20 years of experience in relation to accounting, budgeting and controlling, treasury, fund-raising, corporate finance, tax planning in mainland China, group reorganisation and regulatory requirements of the capital market in Hong Kong. He is an independent non-executive director of Sterling Group Holdings Limited, the issued shares of which are listed on the Stock Exchange, since July 2022. He served as a chief financial officer of Weiye Holdings Limited, the issued shares of which are listed on the Stock Exchange from December 2019 to November 2022 and served as the chief financial officer of Karrie International Holdings Limited, the issued shares of which are listed on the Stock Exchange from August 2014 to December 2019. He also worked in KPMG from March 2004 to August 2014. Mr. Choi is a Fellow of the Hong Kong Institute of Certified Public Accountants. He obtained a bachelor's degree in Accountancy from The Hong Kong Polytechnic University in 2002.